Live News • May 09
Freddie Mac Sees Uptick in Mortgage Rates as Homebuyer Demand and Credit Access Grow Freddie Mac reports the average 30-year fixed mortgage rate at 6.37% for the week ending May 7, 2026, up from 6.30% the prior week and below last year’s 6.76%.
Purchase mortgage applications are more than 20% higher year over year, supported by earlier rate moves and increased housing inventory.
Freddie Mac and Fannie Mae will now accept mortgages evaluated with the VantageScore 4.0 credit model, broadening access to credit for borrowers outside traditional scoring systems.
For you as an investor, the combination of slightly higher mortgage rates and stronger purchase activity signals an active primary mortgage market. The survey data points to buyer interest that is being supported by more available housing stock and lower median new-home prices compared with recent years, which can help with affordability even as rates move around. That backdrop is important for Freddie Mac’s role in providing liquidity to the housing finance system.
The adoption of VantageScore 4.0 alongside existing credit models is a structural development to watch. It widens the potential borrower pool, particularly for consumers who may have been underrepresented in older scoring systems, and could influence the mix and risk profile of loans that ultimately feed into Freddie Mac’s securitization and guarantee activities. Investors following FMCC may want to pay close attention to how credit performance data evolves under this broader scoring framework and how it may affect guarantee fees, capital requirements, and overall mortgage market participation. Announcement • Apr 29
Federal Home Loan Mortgage Corporation to Report Q1, 2026 Results on Apr 30, 2026 Federal Home Loan Mortgage Corporation announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 30, 2026 Announcement • Apr 25
Freddie Mac Begins Accepting VantageScore 4.0 for Mortgage Loans Freddie Mac announced that the company will begin accepting mortgage loans assessed using VantageScore 4.0. The move, which is in alignment with U.S. Federal Housing and Fannie Mae, will be initially implemented through a limited rollout with approved lenders to ensure operational readiness before broad availability. In addition, similar implementation efforts are underway for FICO Score 10T - also an approved credit score model - beginning with the publication of historical credit score data slated for this summer. This update allows for the current use of VantageScore 4.0 and the future use of FICO Score 10T, a significant milestone in the company’s transition to a more modern and competitive credit score framework. This effort is intended to promote robust competition, which can benefit consumers, lenders and the broader housing market. Over time, newer credit score models are expected to enhance risk management by improving the predictiveness of default risk, while potentially lowering costs and increasing efficiency across the mortgage lifecycle. These changes stem from federal efforts to encourage competition and innovation in credit scoring. In 2018, the Credit Score Competition Act was signed into law by President Trump, directing U.S. Federal Housing to establish a process for the GSEs to validate and approve more advanced credit score models for mortgage underwriting. After extensive testing and review, U.S. Federal Housing announced in 2022 the validation of two new credit score models: VantageScore 4.0 and FICO Score 10T. These models leverage enhanced data and analytics, including trended credit data and rent payment history, and have the potential to accurately score millions more Americans. During this limited rollout, approved lenders can choose between VantageScore 4.0 or Classic FICO through a tri-merge credit report for originating new mortgage loans and for loans submitted to Freddie Mac’s automated underwriting system, Loan Product Advisor (LPA). Lenders not participating in the limited rollout must continue to use Classic FICO scores from each bureau through a tri-merge credit report. Lenders interested in using VantageScore 4.0 should contact their Freddie Mac representative or Customer Service at 800-FREDDIE. Announcement • Apr 16
Freddie Mac Multifamily Announces Launch of Integrated Conventional Small Product for Loans Under $10 Million Freddie Mac announced the availability of an integrated, streamlined Conventional Small lending product under its core Conventional lending platform. Conventional Small loan applications will be considered effective immediately, and applications under the previous Small Balance Loan program will continue to be accepted through a two-week transition period. Loans under $10 million play a critical role in the affordable housing ecosystem, especially for workforce housing. Freddie Mac was a pioneer in lending on these properties and has financed $47 billion in over 17,000 Small Balance Loans since 2015. The Conventional Small financing option represents a more effective way of doing business, equipping Optigo® lenders with a familiar multifamily fixed-rate loan product for loans ranging from $2 million to $10 million. Lenders will benefit from a streamlined platform and reduced volatility, while borrowers will benefit from predictable execution, competitive pricing, and access to Freddie Mac’s Index Lock advantage. Announcement • Feb 11
Federal Home Loan Mortgage Corporation to Report Q4, 2025 Results on Feb 12, 2026 Federal Home Loan Mortgage Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 12, 2026 Announcement • Nov 18
Freddie Mac Announces Next-Generation Automation Technology to Streamline and Strengthen Its Single-Family Quality Control (QC) Process Freddie Mac announced next-generation automation technology to streamline and strengthen its Single-Family quality control (QC) process. Quality Control Advisor Plus will further enhance loan quality, drive efficiency and lower costs through technology that automates the quality control review and remedy process on delivered loans. A phased onboarding of Quality Control Advisor Plus is underway and will be available to all lenders by year-end. The new platform is an integrated solution that unifies previously separate QC systems and will be available to all lenders by year-end. This includes the more than 500 lenders that are already taking part in Freddie Mac’s performing loan repurchase alternative pilot, which is broadly available to all lenders who want to participate. To date, participating lenders have saved millions of dollars in performing loan repurchases collectively. Additionally, the pilot is incentivizing better loan quality, as participating sellers had a 26% lower non-acceptable quality rate compared to those not in the pilot. By streamlining the QC process to serve an evolving market, lenders can address issues like missing documents with immediate, real-time alerts that offer a clear view into every step of the loan review process. This can reduce wait times by months, provide feedback on loan quality closer to origination, limit back-and-forth communications and ultimately identify, resolve and remediate loan defects. It also allows lenders to manage loan remedies and view samples of defects, access multiple reports, check loan review status in real-time and upload loan files and missing documents. This solution is designed to deliver more consistent decision making and standardized communication through newly implemented messaging that aligns with industry standards so lenders can expect reliable, consistent feedback. Lenders can also now upload as many as 250 files at once and receive immediate confirmation of receipt, eliminating guesswork and delays. Income-related deficiencies continue to be the primary driver of loan defects. To address this challenge, Freddie Mac recently introduced a new income calculator that allows lenders to more accurately assess the criteria of borrowers with a variety of income sources, improving loan quality and increasing efficiency in underwriting. More than 1,000 lenders are already using the tool and have made over 15,000 submissions to help reduce loan defects and repurchase risk. Announcement • Nov 06
Revolve Capital Group LLC proposed to acquire 25 non-performing residential first lien loans of Federal Home Loan Mortgage Corporation (OTCPK:FMCC) Revolve Capital Group LLC proposed to acquire 25 non-performing residential first lien loans of Federal Home Loan Mortgage Corporation (OTCPK:FMCC) on November 4, 2025. Federal Home Loan Mortgage Corporation, through its advisors, began marketing the transactions on September 25, 2025, to potential bidders active in the NPL market.
The transaction is expected to close in December 2025.
BofA Securities, Inc. and First Financial Network, Inc. acted as financial advisor for Federal Home Loan Mortgage Corporation. Announcement • Oct 30
Federal Home Loan Mortgage Corporation to Report Q3, 2025 Results on Oct 30, 2025 Federal Home Loan Mortgage Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025 Announcement • Sep 23
Freddie Mac Appoints Matthew Abrusci as EVP, General Counsel and Corporate Secretary Freddie Mac announced that Matthew D. Abrusci has joined the company as EVP, General Counsel and Corporate Secretary, effective today. Abrusci brings more than three decades of financial services experience spanning banking, capital markets and securities law. Abrusci’s background spans top legal positions across the financial services sector, underscoring his value as Freddie Mac takes steps to become more efficient, effective and financially sound. He joins the company from Mitsubishi UFJ Financial Group (MUFG) Americas, where he served as General Counsel. MUFG offers services including commercial banking, trust banking, securities, consumer finance, asset management, leasing, and others. Previously, he held senior legal positions at the Royal Bank of Canada, Credit Suisse Securities (USA) LLC, and Merrill Lynch, & Co. Inc.Abrusci received a bachelor’s degree and his juris doctorate from St. John’s University. Announcement • Aug 07
Freddie Mac Expands Financing Options to Increase Availability of Affordable Housing Freddie Mac will expand its CHOICEHome conventional financing options to include modern single-section factory-built homes, effective August 6, 2025. Doing so will expand housing supply, while providing lenders with innovative financing options offered by the company. Modern single-section factory-built Homes combine the advantages of factory- and site-built construction to offer a housing option that is typically more affordable than traditional site-built construction. Specifically, the move expands Freddie Mac's CHOICEHome®? mortgages to increase the availability of these modern factory-built single-section homes, encouraging more buyers and builders to consider them as an attractive option. This financing option becomes available to lenders on August 6, 2025. CHOICEHome mortgages are appraised using similar methods as site-built homes. The company's CHOICEHome mortgage product brings conventional loan financing to modern factory-built homes that are built to exceed federal standards called for by the U.S. Department of Housing and Urban Development. This financing typically offers a more affordable option than traditional site-built homes. The mean price of the newly accepted single-section home is around $200,000 including land in most markets, while the traditional single-family site-built home can, on average, exceed $500,000. Freddie Mac's existing financing options include financing for multi-section factory-built homes with a 3% down payment option. As of August 6, 2025, Freddie Mac will include the same financing option for single-section, or single-wide, modern factory-built homes for the first time. Freddie Mac ensures that CHOICEHome financed manufactured homes meet specific construction standards, which include features such as permanent foundations, energy-efficient designs, pitched roofs, attached garages, and enhanced durability and comfort of the home. These features also make for easier integration with existing neighborhoods that include site-built homes, including urban infill. Announcement • Jul 31
Federal Home Loan Mortgage Corporation to Report Q2, 2025 Results on Jul 31, 2025 Federal Home Loan Mortgage Corporation announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Announcement • Jun 29
Federal Home Loan Mortgage Corporation Announces Retirement of Heidi L. Mason, Executive Vice President and General Counsel of Freddie Mac, Effective September 1, 2025 On June 23, 2025, Heidi L. Mason, Executive Vice President and General Counsel of Freddie Mac (formally the Federal Home Loan Mortgage Corporation) notified Freddie Mac of her intention to retire, effective September 1, 2025. Announcement • May 15
Freddie Mac Announces Automated Underwriting That Can Save Mortgage Originators Up to $1,500 Per Loan Freddie Mac announced automations to its underwriting to further reduce costs, create greater efficiency and improve the origination process for both borrowers and lenders. Utilizing machine learning, this new technology is included in Loan Product Advisor (LPA) effective May 15, 2025, as the company is greenlighting on-hold innovation, cost reduction and delighting the customer as a result of the mandate to use technology from U.S. Federal Housing FHFA Director and Chairman of Freddie Mac's Board of Directors, William J. Pulte. Freddie Mac is also launching a new feature called Freddie Mac Income Calculator, a free online tool to help potential homebuyers in the gig economy by enabling lenders to more accurately and efficiently calculate wage income and self-employed borrower income. Later this year, more options will be added to also factor in policies, social security and rental income. Announcement • May 01
Federal Home Loan Mortgage Corporation to Report Q1, 2025 Results on May 01, 2025 Federal Home Loan Mortgage Corporation announced that they will report Q1, 2025 results Pre-Market on May 01, 2025 Announcement • Apr 13
Freddie Mac Announces David S. Farbman as Vice-Chair of the Board Effective April 9, 2025, the Board of Directors of Freddie Mac (formally, the Federal Home Loan Mortgage Corporation) announced that David S. Farbman has been appointed as Vice-Chair of the Board. In addition, Freddie Mac announced that it had constituted its Board committees David S. Farbman serves as the Chair of the Compensation and Management Development Committee, the Vice Chair of the Executive Committee, and is also a member of the Risk Committee. Announcement • Mar 22
Federal Home Loan Mortgage Corporation Announces Board Changes On March 19, 2025, Christopher E. Herbert notified the company of his resignation from the Federal Home Loan Mortgage Corporation (Freddie Mac) Board of Directors, effective as of that date. Mr. Herbert was Chair of the Mission and Housing Sustainability Committee and served as a member of the Compensation and Human Capital, Executive, and Risk Committees. On March 19, 2025, the U.S. Federal Housing FHFA (the Federal Housing Finance Agency), acting as Conservator, appointed David Farbman to the Freddie Mac Board, effective as of March 19, 2025. Announcement • Mar 20
Federal Home Loan Mortgage Corporation Announces Board and Committee Changes On March 17, 2025, the U.S. Federal Housing FHFA appointed Brandon Hamara, Clinton Jones, Ralph “Cody” Kittle, and William J. Pulte to the Freddie Mac Board, effective as of March 17, 2025. Mr. Pulte will serve as Board Chair. Simultaneously, the Federal Housing Finance Agency, acting as conservator, removed the following members from the Freddie Mac Board, effective as of March 17, 2025: Kevin G. Chavers from Audit, Compensation and Human Capital (chair); Executive, Mission and Housing Sustainability; Lance F. Drummond from Executive (chair); Luke S. Hayden from Operations and Technology, Risk; Allan P. Merrill from Audit, Mission and Housing Sustainability, Nominating and Governance; Jane E. Prokop from Operations and Technology, Risk; Roy Swan from Audit, Compensation and Human Capital,Operations and Technology. Announcement • Feb 13
Federal Home Loan Mortgage Corporation to Report Q4, 2024 Results on Feb 13, 2025 Federal Home Loan Mortgage Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 13, 2025 Announcement • Oct 29
Freddie Mac Expands Offerings with Focus on First-Time Homebuyers Freddie Mac announced several measures that will boost housing affordability for borrowers and first-time homebuyers in particular. With advancements to its automated underwriting system, appraisal waiver expansions and progress in the down payment assistance space, the company continues its collaboration with the industry to increase efficiency, lower costs and provide additional opportunities to get qualified borrowers into homes they can afford. The announcements were made at the Mortgage Bankers Association's Annual Convention, taking place in Denver from October 27-30, 2024. Freddie Mac introduced LPA Choice, the latest enhancement to its Loan Product Advisor® (LPASM) automated underwriting system. LPA Choice offers tailored information about purchase requirements, as well as actionable feedback that can help lenders of all sizes make faster, informed decisions to help qualify more borrowers. This innovation will allow for fewer resubmissions to LPA, more acceptances of qualified borrowers and time savings for lenders, delivering a better borrower experience. Feedback messages will relate to loan characteristics including debt-to-income (DTI) ratio, loan-to-value (LTV) ratios and reserves. Freddie Mac is also making two of its appraisal alternative offerings available to more borrowers for purchase transactions. Specifically, Freddie Mac's automated collateral evaluation (ACE) eligibility will increase from 80% maximum to 90% LTV/TLTV. ACE leverages proprietary models along with historical data and public records to allow lenders to originate certain loans without a traditional appraisal, while appropriately managing risk. This will help lower-income borrowers, including many first-time homebuyers, who are not currently eligible to have their appraisal waived. To date, Freddie Mac's ACE waivers have saved borrowers more than $1.63 billion in appraisal fees. The eligibility for ACE+ PDR (property data report), which allows for the onsite collection of property information instead of an appraisal, will increase from 80% maximum LTV/TLTV to applicable program limits (e.g., up to 97% for Home Possible® loans); helping open the cost-saving opportunity up to a wider population. The new ACE and ACE+ PDR appraisal waiver expansions will be available to Freddie Mac-approved Sellers using Loan Product Advisor. Additional requirements and the effective date will be announced in an upcoming Single-Family Seller/Servicer Guide Bulletin. These efforts build on Freddie Mac's longstanding commitments to make homeownership more accessible for low-income families. Starting with local level data in just three states in October 2023, the platform has now expanded to include such data in nearly 40 states, with plans to reach all 50 by the end of 2024. Currently more than 6,000 loan officers are using the platform to find and match borrowers to many of the down payment assistance programs nationwide. Announcement • Jul 31
Federal Home Loan Mortgage Corporation to Report Q2, 2024 Results on Jul 31, 2024 Federal Home Loan Mortgage Corporation announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Jul 31, 2024 Announcement • Jun 28
Freddie Mac Multifamily Launches Multifamily Giant PCs Freddie Mac Multifamily announced the company will soon launch a new product offering, Multifamily Giant Participation Certificates (Multifamily Giant PCs), which are single-class pass-through securities collateralized by existing Freddie Mac Multi PCs and/or Multifamily Giant PCs. Multifamily Giant PCs boost execution by consolidating individual Multi PCs and/or Multifamily Giant PCs into a larger security, providing investors with maximum flexibility to select and execute their own pooling and re-securitization strategies. Multifamily Giant PCs also enable investors to manage their portfolios more economically and efficiently. In addition, Multifamily Giant PCs will increase opportunities for impact offerings such as Freddie Mac’s mission-driven Social Bonds. Beginning July 1, Freddie Mac initially will offer two types of Multifamily Giant PCs: taxable fixed-rate and tax-exempt Giant PCs. Announcement • Jun 13
Federal Home Loan Mortgage Corporation Announces Step Down of Christian Lown as Chief Financial Officer, Effective June 28, 2024 On June 5, 2024, Christian Lown, Chief Financial Officer (CFO) of Freddie Mac (formally the Federal Home Loan Mortgage Corporation) notified Freddie Mac of his intention to step down from his position as CFO, effective June 28, 2024. The company will begin the process of identifying a successor to Mr. Lown. Announcement • May 01
Federal Home Loan Mortgage Corporation to Report Q1, 2024 Results on May 01, 2024 Federal Home Loan Mortgage Corporation announced that they will report Q1, 2024 results After-Market on May 01, 2024 Announcement • Feb 14
Federal Home Loan Mortgage Corporation to Report Q4, 2023 Results on Feb 14, 2024 Federal Home Loan Mortgage Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 14, 2024 Announcement • Jan 17
Federal Home Loan Mortgage Corporation Appoints Roy Swan to its Board of Directors, Effective February 19, 2024 Freddie Mac announced the election of Roy Swan to its Board of Directors effective February 19, 2024. Swan is an executive with more than 30-years of experience in law, banking, corporate finance, public policy and investment management. Currently, Mr. Swan is the director of Mission Investments at the Ford Foundation, where he leads a team making $1 billion in impact investments over a 10-year period. Mr. Swan has served in his current role as head of Mission Investments for the Ford Foundation since 2018. Prior to Ford, he held various positions at Morgan Stanley from 2008 to 2018, including President and Chief Operating Officer of Morgan Stanley Trust and Co-Head, Global Sustainable Finance. Mr. Swan held various positions at Carver Federal Savings Bank, departing as Executive Vice President and Chief Financial Officer. Among other roles, Mr. Swan also served in various positions at Time Warner Inc., JPMorgan Chase & Co., as Chief Investment Officer at Upper Manhattan Empowerment Zone and as an Associate at Salomon Brothers Inc.Mr. Swan began his career as a Financial Analyst at First Boston Corporation, as a Public Service Fellow at the Coro Foundation, and as an Attorney in the Corporate Securities Group of Skadden, Arps, Slate, Meagher & Flom LLP. Mr. Swan is a member of the board of the Global Impact Investing Network and trustee of Parnassus Funds. Currently, he serves on the Varo Bank Social Impact Council, the Church Commissioners for England Oversight Group, and the KKR Sustainability Expert Advisory Council. Announcement • Jan 05
Federal Home Loan Mortgage Corporation Announces Alberto Musalem Notifies to Resign from its Board of Directors, Effective February 19, 2024 Federal Home Loan Mortgage Corporation (Freddie Mac) announced on December 29, 2023, Alberto Musalem notified that company that he will resign from Freddie Mac’s Board of Directors, effective February 19, 2024, because he is assuming the role of president and chief executive officer of the Federal Reserve Bank of St. Louis. Mr. Musalem initially joined the Board of Directors in June 2021 and was most recently re-elected on June 16, 2023 by written consent of the Federal Housing Finance Agency, Freddie Mac’s Conservator. Announcement • Dec 05
Freddie Mac Announces Action to Make Down Payment Assistance Programs More Accessible for Individuals and Families Across the Nation Freddie Mac announced new, standardized mortgage documents that increase clarity, consistency and accessibility of down payment assistance (DPA) programs nationwide. These documents can be used by lenders working with housing finance agencies (HFAs) at the state, city, county and local levels to eliminate confusion and misinterpretation of DPA programs. Currently, these forms vary greatly. Historically, subordinate lien documents for various DPA programs have been HFA-specific and worded differently, leaving room for confusion when interpreting terms and payment plans. Through standardization, Freddie Mac is helping to bring efficiency to the loan manufacturing process, creating time and cost saving opportunities across the industry. This greater visibility will also help increase the number of lenders interested in participating in DPA programs as well as the number of individuals and families able to access them. To construct the standardized subordinate lien documents, Freddie Mac partnered with Fannie Mae and state HFAs as co-creators and early adopters. By the end of this year, standardized lien documents will be available for at least nineteen states followed by the remaining states and the District of Columbia. The effort is part of Freddie Mac’s multipronged approach to create more standardization and awareness around down payment assistance programs. Last month, Freddie Mac announced DPA One®, an innovative new tool that aggregates and showcases down payment assistance programs on a single, insights-rich platform so lenders can easily access and compare programs while providers can have less submission errors, make real-time updates, and receive more visibility for their programs. Announcement • Nov 01
Federal Home Loan Mortgage Corporation to Report Q3, 2023 Results on Nov 01, 2023 Federal Home Loan Mortgage Corporation announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023 Announcement • Jun 08
Federal Home Loan Mortgage Corporation Launched A New Mortgage Product to Support Members of Native American Communities Federal Home Loan Mortgage Corporation announced the launch of a new mortgage product to support members of Native American communities. HeritageOne will provide affordable financing options for single-family properties on tribal lands in rural areas, creating greater access to homeownership. It will also provide financial counseling and other resources to members of Native American tribe, especially first-time homebuyers. The intent behind HeritageOne is outlined in Freddie Mac's 2022-2024 Duty to Serve Plan, which specifically details the company's commitment to provide housing support for tribal members in rural tracts within Indian Country. To qualify for a HeritageOne mortgage, at least one borrower in the household must be an enrolled member of a federally recognized Native American tribe who will occupy the property as a primary residence. More information and eligibility requirements are available online. 
